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The hazard of driving profits with Chinese drinkers – Treasury Wine gets tested – Sydney Morning Herald

Australia’s beef, lobster, coal, sugar and cotton producers, like wine companies, have done nothing wrong apart from underestimating the sovereign risk of exporting…



Crown Resorts experienced the perils of operating in China – and more particularly the risks of relying on China as its growth engine.
It became badly unstuck when 19 of its staff were arrested for breaking gambling laws in late 2016. The China market took years to even begin to recover and thanks to COVID, our current toxic relationship and likely regulatory restrictions being placed on junket operators that facilitate Chinese gamblers playing in international casinos, this market now barely has…

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